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Ross White (see Problem 6-27) wants to reconsider his decision of buying the brackets and is considering making the brackets in-house. He has determined that setup costs would be $25 in machinist time and lost production time, and 50 brackets could be produced in a day once the machine has been set up. Ross estimates that the cost (including labor time and materials) of producing one bracket would be $14.80. The holding cost would be 10% of this cost. (a) What is the daily demand rate? (b) What is the optimal production quantity? (c) How long will it take to produce the optimal quantity? How much inventory is sold during this time? (d) If Ross uses the optimal production quantity. what would be the maximum inventory level? What would be the average inventory level? What is the annual holding cost? (e) How many production runs would there be each year? What would be the annual setup cost? (f Given the optimal production run size, what is the total annual inventory cost? (g) If the lead time is one-half day, what is the ROP?
The 3M incorporate produces solar cell panels, and the production rate can be 8,000 pieces per day. The demand for the solar panel is 30,000 pieces per month.
How can differences in the cultures of two countries create ethical issues in our business operations? A key to answering this question is to first understand culture, particularly as we think about international operations. I need this referenced..
A general medium-term operating plan is referred to as the aggregate plan. Discuss the methodology used in developing an aggregate plan and why it is needed.
1 which of the following is considered an organizational blueprint which prescribes the quantity and time frame for
What is the recommended minimum number of vendors to have when you enter the evaluation and negotiation phases?
Do an Internet search for “job description.” Review three different job descriptions (Post the company names and the URLS) and then answer the following five questions for each of the jobs: What are the job specifications? Are the physical demands me..
What are three of the possible choices that an exporter can make (in terms of currency) for a specific transaction? Explain the three different types of exchange rates. Find the three exchange rates for a currency of your choice and explain the value..
A request for proposal (RFP) is a formal document that describes in detail your logical requirements for a proposed system and invites outsourcing organizations to submit bids for its development.
According to BusinessWeek, the U.S, workforce is becoming a temporary workforce. Even full-time workers are often contract employees without health, vacation, or other benefits.
Choose an advertisement that exhibits the five elements of the Creative Pyramid (provide a page number or link for the class). Explain your choice. What is the big idea of this ad? Why do so many good ads lack one or more of the five elements?
Perform an Internet search to find a specific diversity policy for an organization. What is the organization? What is their policy? From what you know of the organization, do you believe they follow this policy in reality? Are there any articles in t..
Assess how the current administration performed with regard to two of the stages in Kotter's Eight Stage change process. Give specific examples and cite evidence to support your evaluation. Provide reference
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